April 9, 2008

China's imported milk brands raise prices up to 7 percent

The retail prices of imported milk powder brands in China such as Wyeth, Meadjohnson, Dumex and Nestle have been raised in recent weeks, ranging from five to seven percent.

Market analysts say this has been due to the strong demand for milk products in China.

The prices of imported milk powder products have been rising since the second half of last year, to about RMB200 (US$27.83) for a can of 900 grams at present, from about RMB160 (US$23) a year ago.

Customs statistics report that China imported 299,000 tonnes of milk products in 2007, down 14.2 percent year on year, but the import value reached US$740 million, up 33.3 per cent.